Palantir Technologies Inc. $PLTR Stock: Compass Financial Management LLC Decreases Stake

Key Points

• Compass Financial Management cut its Palantir stake by 17.4% in the third quarter, selling 16,215 shares; it retained 76,957 shares valued at about $14.4 million.
• Palantir reported stronger-than-expected quarterly results, with revenue up 95.9% year over year to $2.31 billion and earnings per share of $0.44, beating forecasts.
• Despite robust growth and a “Moderate Buy” analyst consensus, investors face concerns over decelerating bookings growth and Palantir’s high valuation.

Compass Financial Management LLC reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 17.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,957 shares of the company's stock after selling 16,215 shares during the quarter. Palantir Technologies makes up approximately 1.6% of Compass Financial Management LLC's investment portfolio, making the stock its 7th largest position. Compass Financial Management LLC's holdings in Palantir Technologies were worth $14,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Laurel Wealth Advisors LLC purchased a new stake in Palantir Technologies in the 3rd quarter valued at about $35,000. Cranbrook Wealth Management LLC grew its stake in Palantir Technologies by 40.7% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company's stock worth $37,000 after acquiring an additional 57 shares in the last quarter. Ballast Advisors LLC purchased a new position in shares of Palantir Technologies during the first quarter worth approximately $29,000. Retirement Wealth Solutions LLC increased its position in shares of Palantir Technologies by 51.7% during the third quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company's stock worth $41,000 after acquiring an additional 74 shares during the period. Finally, Dakota Community Bank & Trust NA increased its position in shares of Palantir Technologies by 219.1% during the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company's stock worth $41,000 after acquiring an additional 149 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Key Stories Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Palantir beat Q3 estimates, with revenue rising 96% year over year to $2.31 billion and earnings also topping expectations. It raised its 2026 revenue outlook to $8.5 billion and forecast Q4 revenue of $2.6 billion to $2.7 billion. U.S. commercial revenue surged 148% and exceeded U.S. government revenue for the first time. Palantir beats Q3 estimates and raises outlook
• Positive Sentiment: Barclays raised its price target to $273 and kept an Overweight rating, reflecting optimism about Palantir’s growth prospects. Barclays price target update
• Positive Sentiment: Palantir announced a partnership with footwear manufacturer Changshin to use Foundry and AIP across product development and factory operations, adding a commercial customer and use case. Changshin and Palantir partnership
• Neutral Sentiment: ARK bought Palantir shares while some ETFs also added to their holdings, signaling investor support, though these flows do not resolve concerns about fundamentals or valuation. ETF purchases of Palantir shares
• Negative Sentiment: Investors focused on slower bookings: total contract value grew 6%, versus 49% in the prior quarter, while U.S. commercial contract-value growth also decelerated. That raised questions about whether future demand will translate into new contracts as quickly as revenue growth suggests. Analysts cite bookings growth concerns
• Negative Sentiment: Palantir’s lofty valuation leaves little room for disappointment, and broader concerns about an AI-stock bubble may amplify volatility. Midterm election results also raised concern that a proposed defense budget could be reduced, potentially affecting government-related demand. Election-related concerns for Palantir

Wall Street Analyst Weigh In

Several research firms have commented on PLTR. Yorkville Ives initiated coverage on Palantir Technologies in a report on Tuesday, October 6th. They set an "outperform" rating and a $250.00 price objective on the stock. Raymond James Financial set a $255.00 price target on Palantir Technologies in a research note on Wednesday. Zacks Research downgraded Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $235.00 price objective on shares of Palantir Technologies in a research note on Tuesday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Palantir Technologies in a report on Thursday, October 29th. They set an "overweight" rating and a $262.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $214.53.

Insider Activity

In related news, Director Eric H. Woersching sold 1,000 shares of the firm's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the transaction, the director owned 3,465 shares of the company's stock, valued at $710,325. This trade represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the business's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the transaction, the insider owned 6,432,258 shares of the company's stock, valued at $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 523,716 shares of company stock valued at $92,212,379. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $171.70 on Thursday. The company has a market capitalization of $412.61 billion, a PE ratio of 120.07, a P/E/G ratio of 3.04 and a beta of 1.65. The company has a 50-day simple moving average of $186.84 and a two-hundred day simple moving average of $153.86. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The company's revenue was up 95.9% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 1.33 earnings per share for the current fiscal year.

Palantir Technologies Profile

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir's principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization's data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.

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